Principles of Islamic Banking

Abstract

Islamic banking is a financial system that operates in accordance with the principles of Islamic law (Sharia). This article explores the key principles of Islamic banking, including the prohibition of certain activities in financial transactions, the history and development of Islamic banks, and the various products and services offered by Islamic banks. The article also delves into the concepts of deposit accounts, investment partnerships, profit-sharing, guarantees, rewards, and leasing in Islamic banking.